Managerial and Cost Accounting
MANAGERIAL AND COST
ACCOUNTING
LARRY M. WALTHER & CHRISTOPHER J. SKOUSEN
DOWNLOAD FREE TEXT BOOKS AT
BOOKBOON.COM
Managerial and Cost Accounting
© 2009 Larry M. Walther, under nonexclusive license to Christopher J. Skousen &
Ventus Publishing ApS. All material in this publication is copyrighted, and the exclusive property of Larry M. Walther or his licensors (all rights reserved).
ISBN 978-87-7681-491-5
Download free books at BookBooN.com
2
Managerial and Cost Accounting
Contents
Contents
Part 1. Introduction to Managerial Accounting
9
1.
1.1
Managerial Accounting
Professional Certifications in Management Accounting
10
10
2.
2.1
2.2
2.3
2.4
2.5
2.6
2.6.1
2.6.2
2.6.3
2.7
2.7.1
2.7.2
Planning, Directing, and Controlling
Decision Making
Planning
Strategy
Positioning
Budgets
Directing
Costing
Production
Analysis
Controlling
Monitor
Scorecard
11
11
12
13
14
16
16
17
19
21
22
22
23
3.
Cost Components
26
4.
4.1
Product Versus Period Costs
Period Costs
28
28
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maeRsK inteRnationaL teChnoLogY & sCienCe PRogRamme
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If so, there may be an exciting future for you with A.P. Moller - Maersk.
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Download free books at BookBooN.com
3
Managerial and Cost Accounting
Financial Statement Issues that are Unique to Manufacturers
Schedule of Raw Materials
Schedule of Work in Process
Schedule of Cost of Goods Manufactured
Schedule of Cost of Goods Sold
The Income Statement
Reviewing Cost of Flow Concepts for a Manufacturer
Critical Thinking About Cost Flow
29
29
30
31
31
32
32
34
Part 2. Cost-Volume-Profit and Business Scalability
36
6.
6.1
6.2
6.3
6.4
6.5
6.6
Cost Behavior
The Nature of Costs
Variable Costs
Fixed Costs
ACCOUNTING
LARRY M. WALTHER & CHRISTOPHER J. SKOUSEN
DOWNLOAD FREE TEXT BOOKS AT
BOOKBOON.COM
Managerial and Cost Accounting
© 2009 Larry M. Walther, under nonexclusive license to Christopher J. Skousen &
Ventus Publishing ApS. All material in this publication is copyrighted, and the exclusive property of Larry M. Walther or his licensors (all rights reserved).
ISBN 978-87-7681-491-5
Download free books at BookBooN.com
2
Managerial and Cost Accounting
Contents
Contents
Part 1. Introduction to Managerial Accounting
9
1.
1.1
Managerial Accounting
Professional Certifications in Management Accounting
10
10
2.
2.1
2.2
2.3
2.4
2.5
2.6
2.6.1
2.6.2
2.6.3
2.7
2.7.1
2.7.2
Planning, Directing, and Controlling
Decision Making
Planning
Strategy
Positioning
Budgets
Directing
Costing
Production
Analysis
Controlling
Monitor
Scorecard
11
11
12
13
14
16
16
17
19
21
22
22
23
3.
Cost Components
26
4.
4.1
Product Versus Period Costs
Period Costs
28
28
Please click the advert
w hat‘s missing in this equation?
You could be one of our future talents
maeRsK inteRnationaL teChnoLogY & sCienCe PRogRamme
Are you about to graduate as an engineer or geoscientist? Or have you already graduated?
If so, there may be an exciting future for you with A.P. Moller - Maersk.
w ww.maersk.com/mitas
Download free books at BookBooN.com
3
Managerial and Cost Accounting
Financial Statement Issues that are Unique to Manufacturers
Schedule of Raw Materials
Schedule of Work in Process
Schedule of Cost of Goods Manufactured
Schedule of Cost of Goods Sold
The Income Statement
Reviewing Cost of Flow Concepts for a Manufacturer
Critical Thinking About Cost Flow
29
29
30
31
31
32
32
34
Part 2. Cost-Volume-Profit and Business Scalability
36
6.
6.1
6.2
6.3
6.4
6.5
6.6
Cost Behavior
The Nature of Costs
Variable Costs
Fixed Costs